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21 May 2012

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Berkshire Hathaway silent on Transatlantic run-off plans

10 August 2011

Berkshire Hathaway is remaining silent on its plans for Transatlantic Re, amid concerns that large parts of the largest quoted reinsurance company in the US would be put into run-off if Warren Buffett succeeds in his $3.25bn takeover.

Berkshire Hathaway raised the stakes - and temperature - in the bitter Transatlantic takeover battle with an alternative cash bid that added to the Allied World and Validus paper offers for the former AIG firm.

The $52 a share offer, tabled by...

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